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Talga Looks to Expand Battery Anode Capacity

Posted By Graphene Council, Wednesday, June 24, 2020
Battery  anode  company Talga  Resources  Ltd is  pleased  to provide an update on the development of the Vittangi Anode Project in northern Sweden.   As part of this  on-going  development  the  Company  is  engaging  directly  with  lithium-ion  (“Li-ion”)  battery manufacturers towards purchase agreements for its planned anode production.

Commercial   samples   of   Talnode-C,   and   in   some   cases   Talnode-Si,   are   progressing   through confidential  qualification  processes  under  36  active  customer  engagements.  These  include  the majority of announced Li-ion battery manufacturers in Europe (see Figure 1) and six of the world’s major automotive OEMs.

Expressions of Interest received by engaged parties for supply of Talnode-C in 2023 exceeds three times the annual production capacity proposed in the Company’s Pre-feasibility Study1. As a result of this  interest,  Talga  is  expanding  the  Niska  Scoping  Study  underway  to  evaluate  significantly  larger anode production options for the overall Vittangi Project.

Commenting on the Company’s progress, Talga Managing Director Mark Thompson said: “Our engagement  with  European  battery  companies  and  automotive  OEMs  has  grown  rapidly,  with customers attracted by the potential of locally produced anode at competitive costs and with world- leading  sustainability.     As  we  progress  Talnode-C  through  commercial  qualification  stages  with customers it is pleasing to note that interest now greatly exceeds our original planned production, and that the need to review expansion options has arisen this early.”

Planning for expansion of anode production – Niska scoping study

Based on the strong interest from industry and the anticipated permitting timeframes in Sweden, the  Company  has  decided  to  expand  the  Niska  scoping  study  of  the  Vittangi  Project  to  review significantly  larger  anode  production  options.  The  outcomes  will  be  in  addition  to  the  current Nunasvaara South PFS production plan of 19,000 tpa*.

This  scoping  study  is  underway  on Talga’s  three  Vittangi  graphite  resources  not  currently  in  the PFS; Nunasvaara North, Niska South and Niska North (“Niska Scoping Study”), all located within approximately  2.5km  kilometres  north  of  Nunasvaara  South  (see  Figure  2).    Collectively  these JORC  resources  total  6.5  million  tonnes  at  26.8%Cg  (see  Table  1),  including  a  higher  grade resource domain at Nunasvaara North of 900,000 tonnes at 33.0%Cg (see Table 2).

A  mining  study  supporting  the  larger  scale  project  has  been  completed,  and  metallurgical  and battery  product  testwork  on  composite  samples  is  underway.  Due  to  the  significant  increase  in scale, the Company is targeting completion of the Niska Scoping Study in Q3 2020.

Li-ion anode market growth

Worldwide Li-ion battery demand continues to rapidly increase, with global battery manufacturing capacity set to exceed 2.5 tera-watt hours (TWh) per annum by 2029 across 142 battery plants. This will require >2,500,000 tpa of graphite anode, up from ~450,000 tpa anode production today. Europe  is  the  world’s  fastest  growing  region  for  Li-ion  battery  manufacturing  and  will  require
500,000 tpa of new graphite anode supply by 2029.2

While the COVID-19 outbreak in 2020 has severely impacted electric vehicle (“EV”) sales in the short  term,  Bloomberg  New  Energy  Finance  data3  shows  EV  sales  hold  up  better  than  internal combustion engine vehicles due to new (lower cost) models and supportive government policies.

In the quarters prior to the COVID-19 outbreak EV sales as % of total passenger vehicles rose rapidly  in  the  EU,  with  Germany  and  France  recording  increases  of  100%  during  the  period4. Numerous countries across Europe have implemented some form of financial incentives towards customer uptake of EVs, and post COVID-19 these have increased markedly in some countries5.

Competent Persons Statement

The Niska Mineral Resource estimate was first reported in the Company’s announcement dated 15 October  2019  titled  ‘Talga  Substantially  Increases  Flagship  Graphite  Resource  Size,  Grade  and Status’. The Company confirms that it is not aware of any new information or data that materially affects  the  information  included  in  the  previous  market  announcement  and  that  all  material assumptions and technical parameters underpinning the Resource estimate in the previous market announcement continue to apply and have not materially changed.

The Nunasvaara Mineral Resource estimate was first reported in the Company’s announcement dated 27 April 2017 titled ‘Talga boosts Swedish graphite project with maiden Niska resource’. The Company confirms that it is not aware of any new information or data that materially affects the information included in the previous market announcement and that all material assumptions and technical parameters underpinning the Resource estimate in the previous market announcement continue to apply and have not materially changed.

The Nunasvaara Ore Reserve statement was first reported in the Company’s announcement dated 23 May 2019 titled ‘Outstanding PFS results support Vittangi graphite development’. The Company confirms that it is not aware of any new information or data that materially affects the information included  in  the  previous  market  announcement  and  that  all  material  assumptions  and  technical parameters underpinning the Reserve estimate in the previous market announcement continue to apply and have not materially changed.

Tags:  Automotive  Battery  Graphene  Graphite  Li-ion Batteries  Mark Thompson  Talga Resources 

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